topic Orchard Bank doing CLI Now!! in Credit Card Approvals

Orchard Bank doing CLI Now!!

Give_Me_Credit_Please — Tue, 16 Apr 2013 16:39:04 GMT

I called Orchard bank Friday to see if their're resuming cli and they said yes, the rep that I spoke to said someone from that department will call me back. Yesterday I received a call from EO and the rep ask me a few questions like how much I want, annual income and HP!! I was unsure if I wanted to do a HP but did it anyways. She said I'll know in a couple of days so we'll see what happens. I been with Orchard since 2010 cl $520 paid ontime every month, I asked for $1000 so I'll keep you guys informed on what happens.

Re: Orchard Bank doing CLI Now!!

Anonymous — Tue, 16 Apr 2013 18:39:29 GMT

Keep us posted!

Re: Orchard Bank doing CLI Now!!

shane82388 — Tue, 16 Apr 2013 19:18:20 GMT

have this funny feeling it will be like $100 CLI like usual...for a hard pull...no thanks

Re: Orchard Bank doing CLI Now!!

Anonymous — Tue, 16 Apr 2013 19:22:07 GMT

Try to be optimistic...maybe they have finally seen the light. 😀

Re: Orchard Bank doing CLI Now!!

shane82388 — Tue, 16 Apr 2013 19:29:48 GMT

if I had to choose...id take the soft pull and $100 every few months than $500 and a hard pull...thats jut me though...just want the extra utilization...i enver really use my orchard card with AMEX and Chase in my wallet.

Re: Orchard Bank doing CLI Now!!

Anonymous — Tue, 16 Apr 2013 19:29:52 GMT

I called the customer service number for my household bank card just now to ask if they were accepting credit limit increase requests. they said they were. I then asked if it would be a soft pull or a hard pull and they said they couldn't tell me because they are not credit experts. i put the phone on mute briefly and laughed out loud.

Came back on the phone and explained very calming that every other credit company i deal with, even if their CSR are outsourced, knows whether a request will require a soft pull or a hard pull of the customers credit report. I asked for a supervisor who was less snotty, but she was no help either, just more polite.

I declined to request a credit limit increase. I have a contact in the EO of household bank that I'll contact again for another CLI next month.

Verdict: Frontline CSR's still useless.

Re: Orchard Bank doing CLI Now!!

tattooedhusker — Tue, 16 Apr 2013 19:32:54 GMT

@shane82388 wrote:
have this funny feeling it will be like $100 CLI like usual...for a hard pull...no thanks

This is exactly what I was thinking...They got me once...

Re: Orchard Bank doing CLI Now!!

LisaJ — Tue, 16 Apr 2013 19:40:41 GMT

The last CLI I got from Orchard (before I ditched them) was $100, I paid a fee for it, and they HPd me. Never again.

I left them gladly awhile back. They wanted to charge me to merge my two cards, wouldn't drop my annual fees, wouldn't cli me, and the measly $900 (between two separate cards, mind you!) wasn't worth it. I don't hate them-- they served their purpose-- but I do not understand their crazy policies about CLI, etc., long after a client has ceased to need their services. I would have kept them forever if they had just been reasonable with me...

I hope they are turning around. Good luck!

Re: Orchard Bank doing CLI Now!!

Anonymous — Tue, 16 Apr 2013 19:43:14 GMT

If you're over 700, you should have nothing but rewards cards and 1 or 2 emergency low apr high cl cards. orchard bank doesn't fit etiher of those categories. good for you getting rid of them.

Re: Orchard Bank doing CLI Now!!

petarap — Wed, 17 Apr 2013 07:37:46 GMT

@NJTurnpike: You're right I guess. I called them to increase my $300 limit, and they said system is not accepting any CLIs. I'll try one more time, and if not I'll just cancel my card.

Re: Orchard Bank doing CLI Now!!

Anonymous — Wed, 17 Apr 2013 13:14:01 GMT

Someone here got increased to $10K about a month ago through the Capital One EO. I would wait for the transition to complete before canceling.

Re: Orchard Bank doing CLI Now!!

Anonymous — Wed, 17 Apr 2013 13:19:43 GMT

What is even the point of a CLI on an Orchard card? Orchard was and still is just a rebuilder card. It doesn't offer a super low apr, it doesn't offer any rewards. If your scores are out of the rebuilding stage, just close it and get a card which will make your natural spending work for you.

Re: Orchard Bank doing CLI Now!!

TiggerDat — Wed, 17 Apr 2013 14:08:09 GMT

@Anonymous wrote:
What is even the point of a CLI on an Orchard card? Orchard was and still is just a rebuilder card. It doesn't offer a super low apr, it doesn't offer any rewards. If your scores are out of the rebuilding stage, just close it and get a card which will make your natural spending work for you.

Nah na nah na nah na, my Household gets 2%. Funny thing is when I got the card it was offered with no AF. I did the trick of checking with Orchard and Household with their pre-approval process. One offered me a card with a $39 AF (Orchard) and the other $0 (Household) so I pulled the trigger as it was the first card to be offered without an AF. I got one CLI after 9 months then they shut down CLI's before I could get one.

They will tell you that you can request a CLI right now, but the reality is that you probably cannot actually get it. Basically, they go through the motions of saying you can, but the system auto rejects it. Yes, the EO will one for you with a HARD pull, even though Capone will do it with a Softie. I just got my second Capone EO increase with a soft pull. I am happy about that.

I imagine the CSRs at HSBC are a bit frustrated right now with all of us keeping tabs on this and demanding answers to our silly little questions. I feel like calling them and questioning them about CLIs and mention that I just got an increase with another company. Their obvious response will be, 'what others do is up to them.' And then I could respond with, 'but it was you guys!' It was my other Capone Account and it is is now 7 times this silly little limit on my account. However, I really don't have any energy anymore to do anything and will simply wait it out until it converts or I get the limit even higher on the Capone account. That way I can do both at the same time and put them in the sock drawer together. The 2% is actually good though on the categories I normally get only 1%. It would be nice to hear the follow up response though about the limit increase being one of their cards, but it would only create more debate. Why? Because I wouldn't be able to resist, that's why. Bcuz you know the response would be just as silly as normal.

Re: Orchard Bank doing CLI Now!!

Anonymous — Wed, 17 Apr 2013 14:24:41 GMT

My household gets 2% too with no AF; however my CL is only $2.5k having gotten 500 CLI from them in early March through the EO. I'd really like to keep this card as my catch all card for non-category spending. I hope they don't change the reward structure for the worse at Cap1 integrates them. I'll wait another 2 months to request another CLI on this.

Orchard typically has a AF with no rewards, hence the reason I suggested just closing it and moving on.

Re: Orchard Bank doing CLI Now!!

Anonymous — Wed, 17 Apr 2013 16:52:40 GMT

I hear this here in the forums quite a bit ( Orchard not having vey good APR). Odd thing is they are actually my best at 9.9 %

Re: Orchard Bank doing CLI Now!!

sarkell — Wed, 17 Apr 2013 17:13:52 GMT

I have an orchard cli to 3k via eo. I'm keeping them. As long come nov they refund my annual fee. I will be cloing 2 of my 3 capitalone just want to age my other accounts first.

Re: Orchard Bank doing CLI Now!!

Anonymous — Thu, 18 Apr 2013 02:44:35 GMT

What good is a increase to $10K you ask? Every Orchard card holder will get a new Capital One card later this year. What if the two folks here that have $10K and $20K limits get sent the Venture card? Or it could be they get the Cash Rewards card and all the lower limits get the Platinum card. All this is speculation of course but one thing is for certain, we are getting new Cap1 cards. What if also some folks get auto CLIs? We don't know what Cap1 is working on right now but I'm excited about it!

Re: Orchard Bank doing CLI Now!!

daybreakgonesXe — Thu, 18 Apr 2013 03:38:23 GMT

@Anonymous wrote:
What good is a increase to $10K you ask? Every Orchard card holder will get a new Capital One card later this year. What if the two folks here that have $10K and $20K limits get sent the Venture card? Or it could be they get the Cash Rewards card and all the lower limits get the Platinum card. All this is speculation of course but one thing is for certain, we are getting new Cap1 cards. What if also some folks get auto CLIs? We don't know what Cap1 is working on right now but I'm excited about it!

I am one of the lucky few who got the bump from 1.5k to 10k

Keep in mind when I first applied in March 2010 (account didn't get opened until June 2010 because of SSN rigamore...honestly it was ridiculous. imagine playing phone tag through snail mail. eventually i got fed up and called them...), it was a secured account with an annual fee of $35 and an APR of 7.9%. After 2 and a half years practically they unsecured the account due to the changeover and i got my $1500 deposit back. About a month ago I e-mailed the EO for the CLI of 10k and removal of my annual fee. Both were done.

So now I have a 10k low APR no annual fee card. Indeed, it has no rewards, but like this poster mentioned, it's possible I could get sent out a Venture or Cash Rewards with all the original terms of my card! What a deal! How many 2% or 1.5% reward cards are there that have a ridiculously low APR and absolute no annual fee??

Not to mention this is my only Mastercard...so if I ever come across that rare place that doesn't take Visa and I need to make a good deal of purchases, the 10k is a great buffer. One example would be paying my tuitioin online (they don't take Visa), however everything is paid via scholarship and government loans anyways.

Re: Orchard Bank doing CLI Now!!

Revelate — Thu, 18 Apr 2013 05:22:04 GMT

@Anonymous wrote:
What good is a increase to $10K you ask? Every Orchard card holder will get a new Capital One card later this year. What if the two folks here that have $10K and $20K limits get sent the Venture card? Or it could be they get the Cash Rewards card and all the lower limits get the Platinum card. All this is speculation of course but one thing is for certain, we are getting new Cap1 cards. What if also some folks get auto CLIs? We don't know what Cap1 is working on right now but I'm excited about it!

I just got a letter today that intimated I'll get a Cap One Platinum for my Orchard.

Yawn .

Re: Orchard Bank doing CLI Now!!

youngandcreditwrthy — Thu, 18 Apr 2013 14:47:01 GMT

I got that same letter today!:-)

My OB Gold has a 13.99 apr.
That's one reason I don't want to close it. That's one of my lowest rates, aside from promos